Current Report Filing (8-k)
November 12 2021 - 06:17AM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 10, 2021
Harbor
Custom Development, Inc.
(Exact
name of registrant as specified in its charter)
Washington
|
|
333-237507
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46-4827436
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
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11505
Burnham Dr., Suite 301
Gig
Harbor, Washington 98332
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (253) 649-0636
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
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Title
of Each Class
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Trading
Symbol(s)
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Name
of Each Exchange on Which Registered
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Common
Stock
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HCDI
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The
Nasdaq Stock Market LLC
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8.0%
Series A Cumulative Convertible Preferred Stock
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HCDIP
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The
Nasdaq Stock Market LLC
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Warrants
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HCDIW
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The
Nasdaq Stock Market LLC
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Warrants
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HCDIZ
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|
The
Nasdaq Stock Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
7.01 Regulation FD Disclosure.
On
November 10, 2021, Sterling Griffin, President and Chief Executive Officer of Harbor Custom Development, Inc. (the “Company”)
discussed during an interview with Benzinga that the Company had $3.7 million in net income in the third quarter of 2021 and that he
fully expects that the Company’s fourth quarter revenues and net income will surpass the third quarter. Further, Mr. Griffin announced
he anticipates that the Company’s 2022 revenues will be $160 million.
The
information contained in this Current Report on Form 8-K pursuant to this “Item 7.01 Regulation FD Disclosure” is being furnished.
This information shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange
Act”) or otherwise subject to the liabilities of that section or shall such information be deemed incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act, unless specifically identified therein as being incorporated by reference.
Forward-Looking
Statements
Certain
statements herein constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as
“may,” “might,” “should,” “believe,” “expect,” “anticipate,”
“estimate,” “continue,” “predict,” “forecast,” “project,” “plan,”
“intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.
These forward-looking statements are based upon current estimates and assumptions. Specifically included are statements regarding anticipated
income and revenues for 2021 and 2022. While the Company believes these forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These
forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s
filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims
any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by
law.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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Harbor
Custom Development, Inc.
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Date:
November 10, 2021
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By:
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/s/
Jeff Habersetzer
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Jeff
Habersetzer
Chief
Operating Officer, Secretary, and General Counsel
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